Issue of one 8-year bond and one 20-year bond
Bern (ots)
BKW FMB Energy Ltd (BKW) is today issuing two fixed interest bonds, one worth CHF 150 m. due to mature in 8 years, and one worth CHF 300 m. due to mature in 20 years. A syndicate of banks headed by Zurich Cantonal Bank and Credit Suisse is directly underwriting both bonds. With a coupon rate of 1 7/8% and 2 ½% respectively, the syndicate is offering the bonds for public subscription at market rates until October 12, 2010 (security numbers: for the 8-year bond: 11,784,359, for the 20-year bond: 11,784,374). This successful borrowing on the Swiss capital market has enabled BKW to leverage favourable interest rates and forms part of the company's capital expenditure plans.
Contact:
Antonio Sommavilla, phone 031 330 51 07; e-mail:
antonio.sommavilla@bkw-fmb.ch